Hacker Mints 19M THEO on Base, Swaps for $1.76M in ETH

The scale of the mint — 19 million tokens swapped for roughly $1.76 million — points to a failure in how THEO's supply was controlled on Base, not just a market reaction. The bridge to Ethereum mainnet matters because it moves the proceeds beyond the chain where the mint occurred, which complicates any recovery. The open question is whether the token's liquidity and contract controls can be restored, or whether the 92% drawdown reflects a permanent break in confidence.